Judging be the overall outlook on the situation as well as its behavior on its own, USD is on the verge on breakout and of course, that means that it is going to take several couples with itself. But the thing here is that the situation in the world is simply too unstable and there is no way of saying what is going to spark what.
For example, yesterday we talked about a sudden and very noticeable decline in GBP performance. Of course those traders, who sold off their pounds had to go somewhere. And it is speculated that all of them are going to seek something safer and, as a result, yen is going to receive a flow of traders towards it.
And there we have it – USD and JPY is going to struggle inside their own couple. So far, it is hard to predict where it is going to go, as it is clear – falls and growths and interchanging inside the chart and recovery and stability is going to take time. But from which of the two currencies is still unclear.
So, USD/JPY is going to be very volatile today thanks to the falling pound. Tall about connections between the assets and currencies.
If you were planning on trading the couple, use trading signals this very moment.